Technical analysis GBPUSD for 31.03.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 1.31875. The closest support is the level 1.31190
Key levels
- 1.34250, 1.33485, 1.32700, 1.31875, 1.31190, 1.30485, 1.29550
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.31190, with Take Profit of 1.31875 and Stop Loss of 1.30930
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.30930, with Take Profit of 1.30485 and Stop Loss of 1.31190
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.